United States Lime & Minerals (NASDAQ:USLM) Stock Crosses Below 200 Day Moving Average on Insider Selling

Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) crossed below its two hundred day moving average during trading on Thursday following insider selling activity. The stock has a two hundred day moving average of $114.79 and traded as low as $113.26. United States Lime & Minerals shares last traded at $114.28, with a volume of 78,690 shares traded.

Specifically, CEO Timothy Byrne sold 42,000 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $118.59, for a total transaction of $4,980,780.00. Following the transaction, the chief executive officer directly owned 72,741 shares in the company, valued at approximately $8,626,355.19. This represents a 36.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Freedom Broker lowered their price objective on shares of United States Lime & Minerals from $132.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, November 2nd. Weiss Ratings upgraded shares of United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $131.00.

United States Lime & Minerals Price Performance

The firm has a fifty day simple moving average of $112.83 and a 200-day simple moving average of $114.79. The firm has a market cap of $3.28 billion, a P/E ratio of 24.63 and a beta of 0.69.

United States Lime & Minerals (NASDAQ:USLM) last released its quarterly earnings data on Friday, October 30th. The construction company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.16). United States Lime & Minerals had a net margin of 35.08% and a return on equity of 19.65%. The firm had revenue of $106.19 million for the quarter, compared to the consensus estimate of $122.00 million.

United States Lime & Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.24 annualized dividend and a yield of 0.2%. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 5.17%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of USLM. Sterling Capital Management LLC grew its holdings in shares of United States Lime & Minerals by 833.3% during the third quarter. Sterling Capital Management LLC now owns 364 shares of the construction company’s stock valued at $41,000 after buying an additional 325 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of United States Lime & Minerals by 77.1% in the 3rd quarter. GAMMA Investing LLC now owns 379 shares of the construction company’s stock worth $43,000 after acquiring an additional 165 shares during the last quarter. Fifth Third Bancorp bought a new position in United States Lime & Minerals in the 1st quarter valued at about $90,000. PNC Financial Services Group Inc. lifted its position in United States Lime & Minerals by 18.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 743 shares of the construction company’s stock valued at $97,000 after acquiring an additional 116 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in United States Lime & Minerals in the 2nd quarter valued at about $102,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

About United States Lime & Minerals

United States Lime & Minerals, Inc. produces and sells lime and limestone products. Its offerings include quicklime, hydrated lime, and crushed limestone, which are used in industrial processes and construction. The company’s products support a range of applications, including water and wastewater treatment, environmental control, metals processing, and construction. Its operations and customer base are centered in Texas and the surrounding south-central United States. In addition to its lime and limestone operations, United States Lime & Minerals holds interests in natural gas properties.